Colorado Non-Profit Hospitals Net Assets Up 38% Under Obama and the Affordable Care Act

From a review of the Electronic Municipal Market Access (EMMA), I found eight Non-Profit Hospital Organizations headquartered in the State of Colorado with Net Assets at the most recent date reported of more than $400 mil each.  Below here are the Net Assets of these eight at both the most recent reported date and at the beginning of the Obama Administration:

						2008	2008	Obama
				Most		or	or	ACA
			Most	Recent		2009	2009	and
			Recent	Balance		FYE	Balance	US Fed
			Balance	Sheet		Balance	Sheet	Bump
	City	State	Sheet	Net		Sheet	Net	%
Hospital Organization	HQs	HQs	Date	Assets		Date	Assets	Change
				mil $s			mil $s
Catholic Health Initiatives	Inverness	CO	Jun 13	8,246		Jun 09	5,505	50%
SCL Health Systems	Denver	CO	Jun 13	2,156		Dec 08	2,263	-5%
U Colorado Health	Ft. Collins	CO	Jun 13	1,818		Sep 11	1,319	38%
Children's Hospital Colorado	Aurora	CO	Jun 13	1,188		Dec 08	678	75%
University Colorado Hospital	Aurora	CO	Jun 12	931		Jun 09	471	98%
Poudre Valley Health System	Ft. Collins	CO	Jun 12	592		Jun 09	394	50%
Denver Health & Hosp Authority	Denver	CO	Jun 13	419		Dec 08	406	3%
Memorial Health System	Colorado Springs	CO	Sep 12	410		Dec 08	367	12%
Total all 8				15,760			11,403	38%

As you can see from the above chart, the Total Net Assets of these eight Colorado Non-Profit Hospital Organizations increased by a solid 38% to $15.760 bil during the Obama Administration.  This is particularly noteworthy since this 38% total Net Asset growth was over an average of only 3.63 years.

University Colorado Hospital generated Total Bottom Line Profits (Excess of Revenues over Expenses) of $448 mil in the three years through June 2013, which was an extremely high 17.3% of its Total Revenues over the same time period.  This 17.3% Bottom Line Profit Margin is much higher than the 9.6% Combined Bottom Line Profit Margin of the 30 prestigious Dow Industrial companies.  Children's Hospital Colorado generated Total Bottom Line Profits (Excess of Revenues over Expenses) of $440 mil in the most recent 4.5 years, which was an extremely high 14.3% of its Total Revenues over the same time period.  This 14.3% Bottom Line Profit Margin is much higher than the 9.6% Combined Bottom Line Profit Margin of the 30 prestigious Dow Industrial companies.

The huge Catholic Health Initiatives generated Total Bottom Line Profits (Excess of Revenues over Expenses) of a massive $2.402 bil in the most recent four years, which was a high 6.6% of its Total Revenues over the same time period.

SCL Health Systems generated Total Bottom Line Profits (Excess of Revenues over Expenses) of $457 mil in the most recent 4.5 years, which was a very reasonable 4.4% of its Total Revenues over the same time period.  


Very positively impacting this major increase in the Net Assets (Financial Strength) of these hospitals were actions taken by both the Obama Administration and the US Fed to strengthen the US Financial Foundation which was severely damaged from the financial meltdown in late 2008.

In addition, the Affordable Care Act (ACA) has also played a key role in this increase in Net Assets (Financial Strength) of these Non-Profit Hospital Organizations.

A remarkable thing is that these robust increases in Net Assets of these Non-Profit Hospital Organizations occurred when these Non-Profit Hospitals were also able to substantially bend down the Total US Health Care Cost Curve in each of the most recent three years.

With future Non-Profit Hospital Organizations' Hospital Operating Income being bolstered by both many of the Uninsured getting insurance and by the many of the Underinsured getting much better insurance, both under the ACA,  future Net Asset growth of these Non-Profit Hospital Organizations should be very robust.  And for States electing to expand Medicaid, this future Net Asset growth will be exceptionally robust.